Vishwanath Nair
Stories by Vishwanath Nair
India: RBI proposes on-tap universal bank licences, bars conglomerates
Since Rajan took over in 2013, RBI has licensed two universal banks, 11 payment banks and 10 small finance banks. It has also floated the idea of allo
India: Banks tell Essar Steel to find a buyer for majority stake by June-end
Loans to Essar Steel, which is controlled by the Ruia family, are among a large pile of bad loans banks are trying to clean off their balance sheets.
India: RBI proposes regulatory framework for P2P lending platform
But stays away from laying any strictures on the amount of lending through these platforms and the rate at which this lending is done
StanChart’s stressed assets sale in India draws lacklustre response
SSG Capital only investor in talks to acquire $1 billion worth of loans from Standard Chartered’s offshore book, but at 30% discount.
India: HDFC board approves IPO plan for insurance unit
Firm to sell 10% stake in unit; move makes HDFC Life first insurer in India to start process for initial public offering
India: Debt-laden shipbuilder Bharati Defence may rope in equity investors
Bharati Defence is looking to secure debt financing to restart some of its projects; firm attempted restructuring under the CDR mechanism in 2013
India: Jaiprakash Associates looks to hire consultants in turnaround bid
Jaiprakash Associates Ltd, the debt-laden infrastructure developer, is looking to hire consultants to restructure and turn around its businesses.
Axis Bank takes over debt-laden Jaypee Group headquarters in Noida
Axis Bank has decided to take ownership of the asset in lieu of Rs700 crore owed by the company
